5th March 2015 – Technical Outlook.


FROM HERE:sell around 0.7850 to target 0.7750 then 0.7734

BUT: above 0.7880 may lead to 0.7912 (good level to go short if it gets there)

COMMENT: best to stay neutral until after data release because it may get ‘whippy’ or ‘choppy’



FROM HERE: expect quiet Asian session and buy on dips around 119.60 to target 120.46 and then 120.63

BUT: 120.50 may take some effort to break due to previous double top and this may occur during London time

COMMENT: Based on daily chart still expecting range trading day with bullish bias.



FROM HERE: remain short and sell around 1.1100 to target psychological level 1.1000 (it’s only a matter of time)

BUT: short stops are building above 1.1150 so square if it looks like its heading north again

COMMENT: Things are going to plan for the week. Remain short. Last time we saw this level was back in 2003 FYI



FROM HERE: sell around 1.5280 to target 1.5251 then 1.5211

BUT: small stops hiding above 1.5300 and major resistance 1.5344

COMMENT: Bears in control and looks like we may have another bear candle by the end of the day.



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